CIMB pledges RM75m to bolster employees’ digital capabilities

CIMB Group Holdings has pledged RM 75 million over the next three years to its CIMB 3D Academy which focuses on digital, data and disruption.

Through the move, the bank also aims to equip its 36,000-strong workforce across all levels and categories with digital knowledge and skills – appropriate to their jobs – by end 2019. This will result in an estimate of two million staff learning hours. Other core roles to be developed include emerging ones such as "agile leader, agile coach, scrum master, scrum product owner, and tech geek", the statement said. Other digital-centric roles include data scientist, data engineer, data analysts, design thinkers, UI/UX designers, as well as digital marketers.

The 3D modules, which will be conducted primarily through a digital and interactive platform, will be developed both in-house and by external curriculum developers.

The Academy is aimed at helping the bank embrace what it calls the “fourth industrial revolution (4IR)” to propel its digital ambitions via a group-wide people development initiative. Its three-pronged objectives include enhancing the digital quotient in all job roles, enabling the group’s digital transformation, and to build an agile, innovative, tech-savvy workforce across the board. As such, its competency framework is anchored on various pillars including digital world awareness, agile and entrepreneurial thinking, and data science and analytics as well as data-driven decision making.

Tengku Dato’ Sri Zafrul Aziz, Group CEO, CIMB Group said as a leading ASEAN universal bank, CIMB has always prioritised its most valuable asset – its people. In tandem with the digitisation of the bank’s core with a data-first principle, the CIMB 3D Academy is also a crucial component to help the bank develop a workforce with the right skillset to help achieve our digital ambitions.

"Through the Academy, our staff will be trained for agility, adaptability, creativity and an open mind to, among others, think like an entrepreneur and disrupt conventional thinking, in order to identify and reap opportunities to improve the group’s value proposition for our 13 million customers and stakeholders across ASEAN," Tengku Dato' Sri Zafrul Aziz added.